Zoning for Profits: How Public Finance Shapes Land Supply in China
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Public finance and real estate are uniquely intertwined in China, where local governments also serve as monopolist sellers of land. We shed new light on how land sale decisions and land prices depend on local governments financing objectives. First, we document the large (ten-fold) price premium
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美国国家经济研究局创建时间：
2022-09-01
